Jean Paul Prates, the CEO of Petrobras, said on Thursday that the company can import additional volumes of diesel oil to Brazil. This comes amid market fears over Russia’s limitations on gas supply. When questioned about the possible responses, Prates said, “We absolutely do not work with the possibility of a fuel shortage. The market remains free, and everyone buys based on their circumstances and resources.” Russia has emerged as the primary external supplier of diesel to Brazil this year, providing the fuel at lower prices than more traditional suppliers.
Sources: Reuters/Noticias Agrícolas (*Translated by Ia Niani)